Fidelity Bank of West Memphis has announced a deal to acquire two Evolve Bank & Trust of Memphis locations in northeast Arkansas.
The two offices are at 123 W. Parkin St. in Parkin and 1690 North Falls Blvd. in Wynne. The transaction is expected to close in the third quarter of 2023.
The purchase price was not disclosed.
Customers of two the Evolve locations can continue banking as usual. Current customers will receive notifications from Fidelity in advance of the transaction closing regarding the conversion of their accounts.
"Our new customers in Parkin and Wynne can look forward to the highest levels of service and community support," Charles Horton, president and CEO of Fidelity, said in a news release. "Customers in Eastern Arkansas have trusted Fidelity Bank for their personal and business banking needs for 57 years, and we look forward to serving Eastern Arkansas for many years to come."
Fidelity, founded in 1966, serves primarily Crittenden and Cross counties. It currently has two offices in West Memphis, two offices in Marion and loan offices in Wynne and Paragould.